Q2 2024 Natural Health Trends Corp Earnings Call Transcript
Key Points
- Second-quarter net sales of $10.5 million were flat compared to the second quarter of 2023, reflecting stability in revenue streams.
- Taiwan demonstrated a positive increase in orders, up 51% compared to the prior quarter and up 16% year over year.
- North America orders increased 22% quarter over quarter and 7% compared to Q2 2023.
- Successful implementation of precision health events in Taiwan is starting to take hold.
- Operating loss for the quarter was reduced to $238,000, compared to $743,000 in the second quarter last year.
- Active member base decreased 2% to 36,110 at June 30 from 31,620 at March 31 and was down 15% from 36,730 at June 30 last year.
- Gross profit margin declined slightly to 74.2% from 74.6% in the second quarter of last year.
- Net cash used in operating activities was $3.6 million in the second quarter, compared to $2.6 million in the second quarter last year.
- Total cash, cash equivalents, and marketable securities were down to $48.7 million at June 30 from $54.4 million at March 31.
- Higher costs related to the Premium Noni Juice product impacted gross profit margin.
Greetings, and welcome to the Natural Health Trends Corp., second-quarter 2024 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Michelle Glidewell, with Natural Health Trends Corp. Thank you, Michelle. You may begin.
Thank you, and welcome to Natural Health Trends second-quarter 2024 earnings conference call.
During today's call, there may be statements made relating to the future results of the company that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results, performance, or achievements could differ materially from those anticipated in such forward-looking statements due to result of certain factors, including those set forth in the company's filings with the Securities and Exchange Commission.
It should also be noted that today's call will be webcast live and can be found on the Investors section of the company's corporate
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